Spdr Sp Oil Etf Current Valuation
| XOP Etf | USD 142.70 0.24 0.17% |
Valuation analysis of SPDR SP Oil helps investors to measure SPDR SP's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that SPDR SP's price fluctuation is very steady at this time. Calculation of the real value of SPDR SP Oil is based on 3 months time horizon. Increasing SPDR SP's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
SPDR SP's intrinsic value may or may not be the same as its current market price of 142.70, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 142.7 | Real 141.08 | Hype 142.7 | Naive 137.88 |
The intrinsic value of SPDR SP's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence SPDR SP's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of SPDR SP Oil helps investors to forecast how SPDR etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of SPDR SP more accurately as focusing exclusively on SPDR SP's fundamentals will not take into account other important factors: SPDR SP Oil ETF Current Valuation Analysis
SPDR SP's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current SPDR SP Current Valuation | 4.58 B |
Most of SPDR SP's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SPDR SP Oil is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, SPDR SP Oil has a Current Valuation of 4.58 B. This is much higher than that of the SPDR State Street Global Advisors family and significantly higher than that of the Equity Energy category. The current valuation for all United States etfs is notably lower than that of the firm.
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Fund Asset Allocation for SPDR SP
The fund invests 99.74% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides SPDR SP's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
SPDR Fundamentals
| Return On Equity | 59.72 | |||
| Return On Asset | 1.14 | |||
| Operating Margin | 85.47 % | |||
| Current Valuation | 4.58 B | |||
| Shares Outstanding | 70.5 M | |||
| Shares Owned By Insiders | 0.77 % | |||
| Shares Owned By Institutions | 99.23 % | |||
| Price To Earning | 3.57 X | |||
| Price To Book | 2.76 X | |||
| Price To Sales | 100.66 X | |||
| Revenue | 67.34 M | |||
| Gross Profit | 67.34 M | |||
| Net Income | 1.85 B | |||
| Cash And Equivalents | 12.27 M | |||
| Cash Per Share | 0.29 X | |||
| Total Debt | 84.8 M | |||
| Debt To Equity | 0.02 % | |||
| Current Ratio | 1.05 X | |||
| Book Value Per Share | 34.79 X | |||
| Earnings Per Share | 12.01 X | |||
| Number Of Employees | 12 | |||
| Beta | 0.91 | |||
| Market Capitalization | 10.9 B | |||
| Total Asset | 3.89 B | |||
| One Year Return | 13.00 % | |||
| Three Year Return | 15.10 % | |||
| Five Year Return | 13.70 % | |||
| Ten Year Return | (0.60) % | |||
| Net Asset | 3.89 B | |||
| Last Dividend Paid | 0.31 | |||
| Equity Positions Weight | 99.74 % |
About SPDR SP Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SPDR SP Oil's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SPDR SP using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SPDR SP Oil based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with SPDR SP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPDR SP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPDR SP will appreciate offsetting losses from the drop in the long position's value.Moving together with SPDR Etf
| 0.92 | XLE | Energy Select Sector | PairCorr |
| 0.91 | VDE | Vanguard Energy Index | PairCorr |
| 0.95 | OIH | VanEck Oil Services | PairCorr |
| 0.95 | IYE | iShares Energy ETF | PairCorr |
Moving against SPDR Etf
The ability to find closely correlated positions to SPDR SP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPDR SP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPDR SP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPDR SP Oil to buy it.
The correlation of SPDR SP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPDR SP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPDR SP Oil moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for SPDR SP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out SPDR SP Piotroski F Score and SPDR SP Altman Z Score analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of SPDR SP Oil is measured differently than its book value, which is the value of SPDR that is recorded on the company's balance sheet. Investors also form their own opinion of SPDR SP's value that differs from its market value or its book value, called intrinsic value, which is SPDR SP's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SPDR SP's market value can be influenced by many factors that don't directly affect SPDR SP's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SPDR SP's value and its price as these two are different measures arrived at by different means. Investors typically determine if SPDR SP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SPDR SP's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.